Dec 5, 2012 4:00am PST
highest level in nearly 15 years. this is according to a new report from the energy information administration. daily production, daily output, averaged almost 6.5 million barrels per day in september, the highest level of oil output in the u.s. since 1998. eia says the increase is mostly due to the extraction process known as fracking, new technology to get oil in every nook and cranny. some coined a phrase saudi america for america's projected energy boom over the next decade. a report from last month from the international energy watchdog says the u.s. could unseat saudi arabia as the world's top oil producer by the year 2020. >>> quick market check this morning, u.s. stock futures are up, fiscal cliff uncertainty could continue to weigh on stocks until it's resolved. we're getting a lot of economic news this week with the jobs report on friday. so i expect to see hurricane sandy was at play in there. >> figuring into that report. looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn.
Dec 7, 2012 1:00am PST
vote on, say, an energy bill that will make oil companies really rich, you can't go to a big oil company and say, hey, don't you think i'd make a good executive vice president who doesn't do anything but makes a ton of money for not doing it? but makes way less money than you'll make if this bill i'm going to be voting on passes? we want to know that kind of thing if it's happening. so you have to file this paper and demint filed his paper only yesterday. according to him, these negotiations began and ended in 24 hours. that is very decisive for leaving the u.s. senate. and if it is true then it's really looking like the heritage foundation and jim demint saw an opportunity in the continuing republican crackup. earlier this week, we learned that dick armey is breaking up with his tea party group freedom works and then we learned freedom works is kind of crumbling from within due to internal disputes over its strategy. that leaves a mantle of leadership for the tea party wing of the republican party wide open. that is a lot of power and a lot of fund-raising opportunity. and if yo